Showing posts with label Warren Buffet. Show all posts
Showing posts with label Warren Buffet. Show all posts

It's called "inversion," the transfer of company headquarters, on paper, to out-of-country locations to avoid US taxes. Buffet is funding Burger King's move Canada for that very reason.

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Warren Buffet,  as big a hypocrite as lives in the political world,  a supporter of Obama, is funding 25% of Burger King's purchase of a Canadian food chain,  as it uses that acquisition as an opportunity to officially move its headquarters from the US to Canada, avoiding the repressive taxation that is current US policy.  The Administration wants to criminalize such moves,  but,  as yet,  does not have the support in Congress,  to do so.